Lending has firmly entered the life of our compatriots as an opportunity to quickly receive funds for specific needs. Thanks to this service, a person does not need to borrow from friends or save money for many years to make, for example, a major acquisition. You can simply go to the bank and get a loan, and then give it in small installments every month. In our country, consumer lending is the most popular. It is fast, easy and convenient.
What is consumer lending
Consumer is a loan granted to individuals for various acquisitions to meet household, personal and other non-production needs. Usually it is intended for the purchase of goods in which the borrower feels the need, but currently does not have the required amount of funds. This may be the purchase of real estate, a vehicle, household appliances, payment for education, medical services, tourist vouchers.
A consumer loan is a loan with a maturity of three months to five years. Its amount is relatively small, calculated on the basis of the borrower's income. The currency and method of receipt are chosen independently, most often Russians prefer to receive money in cash and in rubles. Consumer loan is a loan requiring a minimum set of documents. Therefore, clearance is fast. The main drawback is the high interest rates on consumer loans.
Types of consumer loans
There are several types of consumer lending. They are classified according to different criteria.
Form of issue:
- non-cash;
- in cash;
- credit card.
Maturity:
- short-term - consumer credit for a year or less;
- medium-term - lasting 1-5 years;
- long-term - a loan for 5 years or more.
Payment Method:
- differentiated;
- annuity;
- overdraft on the map.
Availability of collateral:
- unsecured;
- under guarantee;
- secured by property.
Loan purpose:
- target - to purchase a specific product or service;
- untargeted - for urgent needs.
Each type of loan has its own characteristics - conditions for obtaining, interest rate, requirements for the borrower, etc. In addition, it is worth carefully weighing before taking a consumer loan, which bank is better to get it.
Lending conditions at Sberbank
Sberbank is an institution that began its activities in 1841 and today is a real giant in the banking structure of Russia. Consumer lending is one of its most popular services. It is distinguished by high requirements for confirming the solvency of the client and favorable interest rates.
This institution has several consumer lending programs:
- without collateral;
- secured by property (transport or real estate);
- with guarantee guarantees;
- to pay for education;
- on special conditions for military personnel.
You can get cash in cash or by bank transfer. In addition, consumer loans are issued by Sberbank in rubles or foreign currency . The interest rate, term, amount depend on the type of loan. Debt is repaid monthly or quarterly.
Borrower Requirements
Consumer credit is a service for which you need to meet the criteria put forward by Sberbank to the borrower:
- age from 18 (if the loan is unsecured, then from the 21st) to 65 years;
- positive credit history;
- continuous experience at the current place of work from 6 months;
- total working experience of at least one year;
- availability of relevant official income.
Required documents
To apply for a loan, you should fill out a questionnaire at a branch of Sberbank. She will be examined within a week and will be provided with an answer. When applying for a loan, you will need a package of documents: passport of a citizen of the Russian Federation with the indicated place of registration, form 2-NDFL with data on the place of work, income certificate, documents for property offered as collateral, or passport of the person acting as a guarantor. The authenticity of all the indicated data is very carefully checked, therefore, only true information should be indicated.
Interest rate of Sberbank
When applying for a consumer loan, Sberbank, like other banks, charges the client an interest rate for using cash. Its size depends on several factors:
- loan amount and term;
- official income and credit history of the borrower;
- the presence of a surety or pledge;
- participation in bank client programs;
- type of loan;
- method of receiving money (cash, credit card).
The table below shows which Sberbank offers consumer loans. The interest rate on the loan issued in rubles is as follows:
| Type of lending | Amount | Term | Interest rate |
| Without security for regular customers | 1 500 000 rub. | 5 years | 17-25% |
| With a guarantee | 3 000 000 rub. | 5 years | 16 -22% |
| Secured by transport | 300 000 rub. | 5 years | 27% |
| Secured by real estate | 10 000 000 rub. | 7 years | 14-16% |
| Educational loan | 90% of the cost of training | 11 years | 12% |
The table shows that the highest percentage will have to be paid for a consumer loan, which is quickly drawn up and does not require additional security. If you want to get a loan with a lower overpayment, consult with the manager of Sberbank. He will tell you possible ways to reduce the interest rate.
Positive aspects of consumer lending
Before you bind yourself with monetary obligations, it is worth evaluating all the pros and cons of consumer lending in Sberbank.
Due to its advantages, this bank has become the largest in Russia and cooperates with the largest number of customers.
- Stability. Borrowers can be sure of this lender because it works with government support.
- Low interest rates. Their accrual depends on the type and term of the loan, as well as the availability of its security. The interest on consumer loans in Sberbank is much less than in other institutions.
- Possibility of early repayment. For payment of the loan ahead of schedule no penalties and commissions are charged.
- Differentiated Payout Scheme. Each month, the amount to be paid is reduced. This method of repaying a loan is most beneficial for the borrower.
- No hidden fees. Lending conditions are transparent. The client saves money and knows what he paid each ruble for.
- Credit calculator. Using the service available on the website of Sberbank, you can independently calculate the size of the interest rate, monthly payment, etc.
- Attached Credit Officer. A bank employee who is involved in obtaining a loan is assigned to his client and monitors the repayment of his debt. If problems arise, the inspector helps to solve them.
Consumer loan shortcomings at Sberbank
There are some points that borrowers attribute to the shortcomings of consumer lending at Sberbank:
- lack of microcredit, the minimum amount is 15,000 rubles;
- high requirements and serious verification of a package of documents;
- consideration of only official income of the client;
- Mandatory collateral (guarantors, pledge).
Consumer credit is an easy and quick way to purchase the necessary thing or service. However, it will have to overpay a rather large amount, because interest rates are quite high. Previously, you should carefully weigh the pros and cons and only then apply for a loan.